23 Dec '12, 3am

Euro survives 2012, further tests in store

Euro survives 2012, further tests in store

BRUSSELS: The battered euro, written off as a dud many times during a crisis-wracked year, appears to have survived 2012, but 2013 could prove just as difficult if the economy continues to struggle. It finished the year strongly after the 17 eurozone nations earlier this month nailed down a deal to supply long-delayed bailout funds to Greece to keep the country afloat, and the bloc intact. Athens in turn delivered on its part of the bargain -- more stinging austerity, economic reforms and a tight budget -- all with the aim of cutting its massive debt burden to a more sustainable 124 percent of GDP by 2020. Then progress towards tighter economic and fiscal coordination in the eurozone, and a key first step towards a shared bank supervision regime, rounded out the gains, leaving the Europe in much better shape than seemed likely at the beginning of the year. "Many observers ...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

Tweets

OUR FAVOURITE 18 MOMENTS: December 29: As 2012 ...

asiantour.com 26 Dec '12, 3am

The Asian Tour’s 2012 season will be remembered for the age-defying heroics of Thaworn Wiratchant, the success of fellow v...

Amazingly, the world survives Maya 'apocalypse'

straitstimes.com 21 Dec '12, 10pm

Tourists meditate at the archaeological zone of Chichen Itza in Yucatan State on Dec 21, 2012. Thousands of mystics, hippi...

Shares, euro up on hopes of U.S. "cliff" deal, BOJ easing: SINGAPORE (Reuters) - Asian shares rose and the euro

Shares, euro up on hopes of U.S. "cliff" deal, ...

reuters.com 19 Dec '12, 1am

By Alex Richardson SINGAPORE | Tue Dec 18, 2012 10:27pm EST SINGAPORE (Reuters) - Asian shares rose and the euro hit multi...

My Year in Golf: Alistair Tait

My Year in Golf: Alistair Tait

golfweek.com 26 Dec '12, 11am

What did I learn from my year in golf? Tiger Woods can say interesting things, desert storms aren’t fun, always dine with ...

Aregawi aims for Euro indoors with Sweden

european-athletics.org 15 Dec '12, 3pm

Aregawi aims for Euro indoors with Sweden | 15.12.2012 The countdown is on for the European Indoor Athletics Championships...

Last days for Holiday Blend 2012! Pick it up at...

peets.com 26 Dec '12, 5pm

A unique blend of the best coffees of the crop year. Chocolaty aromas and complex layers with a glimmer of dense berry fru...

Faster tests: sign in through the back door

robots.thoughtbot.com 14 Dec '12, 2pm

December 14, 2012 dancroak ruby on rails testing clearance capybara Faster tests: sign in through the back door One way to...